Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-489"
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"en.20101020.21.3-489"2
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"The crisis has revealed the shortcomings of Economic and Monetary Union: it nearly brought down the euro and has resulted in the loss of millions of jobs throughout the continent. With Pervenche Berès’s report, the European Parliament has just adopted a coherent strategy proposal to lift Europe out of the recession and to address the latter’s financial, economic and social repercussions.
This proposal includes the introduction of real financial supervision, which we have started to implement, but which will have to be considerably strengthened; the taxing of financial transactions in order to regulate the markets and finance public assets, and to reduce public deficits; the coordination of Member States’ economic policies and budgets for the benefit of sustainable growth; the appointment of a Mr or Mrs Euro to be in charge of the euro area and to unify its representation at the G20 and IMF; and the creation of the European Energy Community.
It is now time for Europe to get going again. This is what the public expects. In a constantly changing world, inertia is tantamount to decline. That is why we now need to move on from this report and take practical action."@en1
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